But The Levee Was Dry
Posted on August 23rd, 2009 by mark in Market Observations
On Friday, four more banks failed. Two of them, unsurprisingly, were in troubled Georgia. We all know that these banks were “FDIC insured”, but how does that insurance actually work… and just who are these FDIC people? The C in FDIC stands for corporation. Like the Federal Reserve, the FDIC is actually a corporation, but [...]